China Fishmeal Weekly: Price cuts fail to stimulate buying interest (week ended Jan 19, 2017)
China's fishmeal market weakened as traders cut prices in a bid to entice buyers. As renminbi continued to stay firm while Peruvian fishmeal price quotes slid further, traders were in a better position to negotiate prices. Price quotes for prime-grade products were lower in the range of RMB11,600-11,800/tonne.